There’s the bogus testimonials the company is using to dupe investors into signing up:

Then of course there’s Eyeline Trading’s founder, Jean Paul Ramirez.

Starting in 2001 when he became licensed broker certified by the CCS stock exchange. He recieved the commission to buy and sell gold from 2003-2006 and set up an escrow account in 2007 for $70,000,000.00 with Banco Mercantil S.A..

In 2014 he got his license with Goldman Sachs, and managed accounts worth more then $2,300,000.00!

In 2015, he was licensed with TD Ameritrade in the USA, managing accounts of over $1,500,000.00.

So after all that, Ramirez wakes up one day and decides to launch his own cryptocurrency Ponzi scheme. Riiiiiiiiiiiiiight.

Moving onto the business model, which even that Eyeline Trading can’t keep its story straight when explaining.

According to the Eyeline Trading website, the company generates external revenue via an “A.I. based trading system”.

Read through Eyeline Trading’s official compensation plan however, and the story changes.

Eyeline Trading does not rely on gimmicks or bots to trade for us; we rely on our relationships and buying power.

We have negotiated prices with large miners and other large holders of BTC and ETH, 2-10% under the current market rate so we are able to purchase large quantities at a discount.

The difference between what we buy it for and what we sell it for, creates the profits and we share those profits with our Eyeline Trading members.

Naturally there’s no proof of any of Eyeline Trading’s claims in any event, so the question of external revenue is ultimately a moot point.

Still, this is a large number of lies to be caught out in – even by MLM underbelly standards.

Affiliates invest in $40 bitcoin packages, Eyeline Trading then use that money to pay existing investors a daily ROI.

A percentage of invested funds are also set aside to reward the company’s top investors, adding an additional pyramid layer to the scheme.

There’s also mention of an EYC ICO on the Eyeline Trading website, suggesting the company’s anonymous owners are planning their exit-scam well in advance.

On the regulatory side of things Eyeline Trading’s claim it has offices in the US is of particular interest, given the company is quite clearly offering a security.

You will be able to participate in a large trading operation earning crypto daily on autopilot.

Once your package starts paying out you would earn approx. 13 cents per day for 365 days or approx. $48 (approx .0066 BTC) and then at the end of the contract you would also get your $20 that was in your trading account back for a total of $68.

Earn regardless of what’s happening in the market.

As I write this neither Eyeline Trading or Jean Paul Ramirez are registered with the SEC.

This means the company is operating illegally in the US, not withstanding Ponzi schemes are illegal the world over.

The gist of the ICO exit-scam model will see Eyeline Trading solicit investment and pay ROIs until new investment dries up.

While Eyeline Trading is still afloat EYC might be traded internally at an inflated made-up value.

EYC itself is likely some script altcoin bought off the shelf on the cheap.

While or after Eyeline Trading collapses, ROI liabilities will be converted into EYC points.

By that stage EYC will have been launched on some dodgy exchanges, with Eyeline Trading’s owners claiming affiliates can make back their losses by trading EYC.

None of this happens before top investors and management offload EYC tokens at the inflated internal value mind.

After which the public value of EYC plummets and investors realize they’ve been duped.

This is such a “Bend over and take it “ scam, it’s so obvious of a scam with the up to .66% daily BTC pay out taken from the defunct USI-Tech scam. The fraudsters that owns this scam where so lazy with just copying the USI-Tech playbook. Come on people- WAKE UP, if you fall for this scam, your an idiot and deserve to lose your money….

This article makes it look as though eyelinetrading.io is the corporate site which obviously isn’t. It’s only helping the creators behind it gain more attention which will benefit them greatly. Regardless of the claims, there will be hundreds of thousands who end up joining and eventually yes the story will end in tears, but you just gave them a head start.

BehindMLM's advertising partners use cookies to collect data for ad personalization and measurement.
For more information on use of collected data and cookies please refer to our Privacy Policy.Accept and closePrivacy Policy